How To Set Price Alerts On Webull

Limit and Stop-Loss Orders at Webull and How to Apply Them

Webull has a bully desktop platform and mobile app, and each ane offers stop-loss and limit orders. These order types tin can be used on both sides of a merchandise (purchase and sell). Just follow the instructions below and you'll exist able to use these orders like a pro.

What is a Limit Order?

A limit order is an society to sell a security at or to a higher place a certain cost, or to buy it at or below a certain price. For example, a limit social club to sell TSLA at $1,500.00 would execute only if the stock cost hit $1,500.00 or college. It would non execute at $1,499.99. Then the limit order guarantees a certain toll.

What is a Stop-Loss Club?

A cease-loss lodge, as the name suggests, prevents further losses on a stock. For case, if AMZN is trading at $3,000 and you don't want to lose more than than $500 per share, y'all could set up a cease-loss gild of $2,500. If the stock dropped that far, it would automatically trigger a sell order. This would take you out of the trade, preventing a deeper loss. Stop-loss orders tin can as well be set up for brusk positions. In this situation, you would utilise a buy-stop gild instead of a sell stop.

Limit and Cease Loss Orders Committee

Webull does not charge commissions on whatsoever trades including limit orders and cease losses.

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Placing Limit and Stop-Loss Orders on Webull'south Desktop Platform

To place a limit or stop-loss order on the desktop arrangement, you'll first need to download and install the software. Alternatively, you can utilise the platform within a browser straight from Webull's website.

In either browser or desktop version, you can practice placing orders in paper-trading mode. Just click on the bottom icon with a dollar sign ($) in the left-hand menu. This will put you in faux mode. Stop-loss orders are merely bachelor in alive style.

One time you're in demo mode, y'all'll see an order ticket with both sell and purchase buttons. So click on purchase or sell, and then choose LIMIT from the drop-down carte labeled Society Type.

Next, y'all'll desire to set up the limit price. Recollect that for a buy gild, the limit is the maximum value; for a sell society, the limit is the minimum cost.

Later yous have plenty of feel under your belt and you're fix to place a live merchandise with real money, you need to exit simulated-trading way. To do this, just click on any other icon in the left-hand bill of fare.

The best manner to bring up the live trade ticket is to go to a security'south graph and correct click on information technology. In the pop-up menu that appears, you'll become the regular lodge ticket.

On the live ticket, Webull automatically includes two options for take-profit and cease-loss orders. Adding these 2 to an entry order creates a subclass social club.

The take-profit is another limit order. This locks in a turn a profit. And the cease-loss prevents losses beyond a set cost, which is the terminate cost. When inbound your initial limit order, you can decide the maximum amount you're willing to lose and enter the cease-loss order at the start.

Remember that if you're curt selling, the terminate price will exist above the sell cost. If yous enter with a long position, the end cost will be below the entry price.

Placing Limit and Stop-Loss Orders on Webull's Mobile App

The procedure for placing limit and stop-loss orders is very similar. The app offers both simulated trading and live trading. At the bottom of a stock'due south contour, you'll run into a Merchandise button. This will bring upward the society ticket, which is the aforementioned as the desktop'southward ticket.

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Continue Reading

• WeBull Free Stock Offer
• WeBull Account Fees
• WeBull Options Paper Trading
• WeBull IRA Business relationship
• WeBull Requirements

Source: https://topratedfirms.com/trading/limit/webull-limit-order.aspx

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